Taiwan’s Taiex surges around 2%; Tencent shares plunge nearly 3%

Taiwan’s Taiex surges around 2%; Tencent shares plunge nearly 3%

SINGAPORE — Shares in Asia-Pacific traded mixed on Friday following an overnight bounce on Wall Street.

The Taiex in Taiwan led gains among the region’s major markets, jumping 1.15% in afternoon trade. India’s Nifty 50 also saw robust gains, rising 1.04%.

Mainland Chinese markets were also higher, with the Shanghai composite down 0.45% while the Shenzhen component slipped 0.518%.

In Hong Kong, the Hang Seng index edged 0.21% lower. Shares of Tencent in Hong Kong dropped 3.86% by Friday afternoon, despite the Chinese tech behemoth posting a 65% surge in its quarterly profit on Thursday.

Japan’s Nikkei 225 rose 0.81% in afternoon trade while the Topix index gained 0.42%. South Korea’s Kospi shed 0.28%.

Meanwhile in Australia, the S&P/ASX 200 was largely flat.

MSCI’s broadest index of Asia-Pacific shares outside Japan were little changed.

Overnight stateside, the S&P 500 gained around 1.1% to 4,159.12 while the Nasdaq Composite surged 1.77% to 13,535.74. The Dow Jones Industrial Average rose 188.11 points to 34,084.15. Those gains on Wall Street came on the back of three straight days of losses.

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